RE:RE:Chain of events. He arranges with the TSX to allow his founders shares to be sold to the public in lieu of new equity. The money from the sale goes to him, but the TSX allows it as proof that the company can sell shares by prospectus and proof there is a market of sufficient size for the company's equity.
canyousayiii wrote: How does Peter's sale of own shares make it into the company? He sells the shares on the open market or finds a buyer and then he buys shares from company treasury? So, we get diluted even more? Let's make the shares really unattractive for institutions to buy and then we will wish we were back here. Sheesh.